The scrip gave up mostly all its gains and finally settled flat at Rs 422, up 0.5% from the previous close. The counter clocked volumes of 1.19 million shares as compared to 910,991 shares traded on the BSE.
_________________________________________________
(Updated at 1227hrs)
Lanco Infratech has surged on a 44% surge in Q1 net profit.
The stock opened at Rs 425 but slipped 2.5% to a low of Rs 415. Thereafter, the stock surged 7% from the low to a high of Rs 444. The stock is now up 4.7% at Rs 440. Around 729,105 shares have been traded on the BSE so far.
The company reported a 44% rise in Q1 net profit at Rs 140.8 crore from Rs 97.6 crore in the corresponding quarter a year ago. Net sales is up 140% at Rs 2,195.4 crore in Q1FY10 from Rs 913.9 crore in Q1FY09.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app